The Philippine Economic Zone Authority (PEZA) on Monday disclosed potential investments from Japanese companies following business-to-business (B2B) meetings in Osaka and Tokyo.
The delegation, led by PEZA director-general Tereso Panga and Aboitiz InfraCapital, discussed additional investments in the Philippines by Hankyu Hanshin Properties Corp., a leading real estate and development company in Osaka and electronics manufacturer TDK Corp.
PEZA hosts 807 Japanese locator companies, generating P578.53 billion in investments, $7.611 billion in exports and creating 335,332 direct jobs.
“We are looking at enticing the current Japanese companies to expand their solid footprint in the country by bringing in their supply chain here. In doing so, higher production efficiencies may be generated on their part. For our part, it increases the number of locators, creates more job opportunities, and increases exports,” Panga said at the sidelines of the Philippines-Japan Investment fora held from Sept. 29 to Oct. 5, 2024.
The delegation participated in Osaka Chamber of Commerce and Industry’s (OCCI) “Philippine Green Mission” program, promoting green business initiatives in the Philippines. Both parties expressed a strong commitment to continued collaboration and partnership.
The delegation engaged with various Japanese government agencies and embassies to strengthen bilateral relations and promote the Philippines as an investment destination.
The meetings also underscored the growing interest of Japanese investors in the Philippines and the potential for significant economic growth.
PEZA said its efforts to attract foreign direct investments were instrumental in positioning the Philippines as a competitive and attractive location for businesses.
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